Let C stand for consumption spending I for investment G for

Last updated: 3/6/2023

Let C stand for consumption spending I for investment G for government purchases X for exports M for imports DI for disposable income and NT for net taxes Consider the following identity and answer the questions that follow C I C X M DINT Which of the following best characterizes the above identity Domestic product must exceed aggregate income O Domestic product must equal the total amount of injections into the nation s flow of income and expenditures O Aggregate income must equal the total amount of injections into the nation s flow of income and expenditures Aggregate income must equal domestic product True or False Disposable income must equal consumption plus saving True